For a deposit of P150000 at 8.5% interest compounded continuously over 5 years, find the interest earned.

Q: As part of your retirement planning, you purchase an annuity that pays 4 % annual interest…

A: Annuity- A regular payment may be a contract between you associate degreed a nondepository financial…

Q: An investment company is going to place $300,000 into an annuity. Then, it is going to add $25,000 a…

A: An investment is the responsibility of money or capital to something with the expectation of profit…

Q: Find the future value for the ordinary annuity with the given payment and interest rate. PMT = $700;…

A: Given: The annuity payment is = $700 The interest rate is = 1.20% compounded semiannually Years = 3…

Q: Calculate the future value for the following 3 problems Present Value Interest Rate Time (Years)…

A: Future Value takes into account the time value of money. It calculates the value of an asset at a…

Q: Tito Ricky borrowed P 500,000 at an interest rate of 12% compounded monthly. Monthly payments of P…

A: In economics, present value refers to the current value of a future stream of cash flow. Future…

Q: A building is priced at $300, 000. If a down payment of $20, 000 is made and a monthly payment is…

A: Building Price = $300,000 Down payment = $20,000 r = 10% compounded monthly

Q: A merchant wants to have P2,000 to a small business for a period of 6 years. With a given interest…

A: here by using the compound interest formula will find the how much merchant invest , so calculation…

Q: Consider a uniform series of cash flows. The first cash flow of $10,000 occurs at time 10 and the…

A: Given a uniform series cash flow in which first cash flow of $10,000 occurs at time 10 and last cash…

Q: 21 Determine the present worth and the accumulated amount of an annuity consisting of 6 payments of…

A: The present value of an annuity provides the current value of future periodic payments from an…

Q: -What is the present worth of two 500 payments at the end of the fourth year and fifth year, if the…

A: Note: Since you have asked multiple question, we will solve the first question for you. If you want…

Q: Compute for the effective interest rate per monthl Nominal rate= 2.35% compounded yearly

A: The effective annual interest rate refers to the return on an investment or the rate owed in…

Q: At the time of retirement, a couple has $200,000.00 in an account that pays 8.4%compounded monthly.…

A: The formula for payout annuity is given below: P0=d[1-(1+rk)-nk](rk)       where, P0 = the account…

Q: The annual interest rate on a credit card is 13.99%. If the minimum payment of $10 is made each…

A: An intеrеst ratе is thе cost of borrowing monеy or thе rеturn on invеstmеnt еxprеssеd as a…

Q: Mrs. Go make deposits that forms a geometric gradient that increases at 6% per month for 1 year. She…

A: We have given that the cash flow is geometric gradient series cash flow  where g =6% of g=0.06 First…

Q: The value of annual(A) uniform payments over years 1-5 is equivalent to a payment schedule of 200,…

A: The time value of money refers to the concept that money you have now is worth more than the same…

Q: 1. Marie is making 75 euros in beginning-of-month payments into an investment account. If the…

A: The formula to calculate the future value of the annuity due is: Annuity dueFuture Value = P(1+i)n -…

Q: Please answer completely and clearly. , year יויויויויי in millions whatis the future worth of these…

A: We have given the cash flow in which yearly payment is made but the rate of interest is compounded…

Q: A friend was left $50,000 by his uncle. He has decided to put it into a savings account for the next…

A: Sum to be put in savings = 50,000Alternative 1 return  :  23/8%  compounded annually Alternative 2…

Q: 5) You want to have $2 million 40 years from now. How much must you deposit each year (starting at…

A: Each sum is communicated in the worth of the cash at that specific time, alluded to as future…

Q: What rate compunded monthly is equivalent to 4.18% converted quarterly In 2 decimal places, input…

A: Present value is the value of investment in today's dollar. Future value is the value of investment…

Q: Suppose you are considering working at a local coffee shop 5 nights a week. You expect to save $125…

A: * SOLUTION :-    From the given information the calculation is given below

Q: DRAW CASH FLOW DIAGRAM Suppose that P 4500 is deposited each year into a bank account that pays 8%…

A: A series of money paid at regular intervals is known as an annuity. Monthly savings account…

Q: You want to be able to withdraw $25,000 from your account each year for 20 years after you retire.…

A: Annuity is a series of cash flows (generally equal in nature) made or received at equal intervals,…

Q: Erwin expects to receive 20,000 dollars in 10 years. If interest is computed at 6% compounded…

A: Given: Amount (A)=$20000 Interest rate (r)=6% compounded continuously Number of years (t)=10

Q: One borrows a $120,000 for 6 years at 7.24% APR, compounded monthly? a. What is the monthly payment?…

A:

Q: What uniform annual payment for 12 years is equivalent to receiving all of the following: $ 3,000 at…

A: In the question, the following are the values given: Each year payment = $3000 Number of years = 12…

Q: What simple interest rate (in %) is equivalent to 5% compounded quarterly if money is invested for 9…

A: Answer to the question is as follows

Q: A series of equal semi-annual payments of $1,500 for 3 years is equivalent to what present amount at…

A: here we calculate the present amount with compound semi-annually so the calculation as follow-

Q: You borrow $28972 at 12.25 % interest compounded monthly. If you are unable to make any payments for…

A:

Q: Sally purchases a perpetuity immediate with annual payments that pays $4000 toda and Payments…

A: Specifics of annual payment - Increases by 5% annually  Paid for 6 years    Let the payment in first…

Q: Enrico Suarez has decided to purchase a house instead of renting an apartment. He can a ord a…

A: The mortgage is an agreement between a lender and the party taking loan.

Q: A man expects to receive P20,000.00 in 8 years. How much is that money worth now considering…

A: The future worth formula is FV=PV(1+i)n , here the PV rises for every period into the future by a…

Q: Find the present value of a perpetuity payments of P 600 every 3 months with 6% compounded…

A: here we calculate the present value of perpetuity payment y using the present worth formula and…

Q: What is the present equivalent of a uniform series of quarterly payments of $4,500 each for 8 years…

A: Given  From the first quarter of year 1 to 4th quarter of year 8, the payment is $4500 From the…

Q: How much do you have to deposit now with a second deposit in the amount of $700 at the end of the…

A: There are two cash flow diagrams in this question.  First cash flow: year 0 deposit = A0 and year 1…

Q: 6. Find leff if continuously. a 10% nominal interest is compounded

A: Effective interest rate, denoted by ieff, refers to the real interest rate that is to be applied on…

Q: What is the present equivalent of a uniform series of quarterly payments of $4,500 each for 8 years…

A: This cash flow contains two uniform series, one is $4500 paid quarterly for the first 8 years and…

Q: 4. Calculate the present value of $8,000 duc in 4 years if interest is compounded annually at 3%.

A: Present value states that an amount of money today is worth more than the same amount in the future.…

Q: 9. Money is mvested at 10.5% nommal annual rate. Interested is compounded monthly. How much will…

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Suppose $5,000 is invested at an annual interest rate of 7%. Compute the balance after 10 years if…

A: (Q)Suppose $5,000 is invested at an annual interest rate of 7%. Compute the balance after10 years if…